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the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea. but now that we have resolved the revenue issue, tax reform ought to be revenue neutral as it was back during the reagan administration. >> reporter: the president and congressional democrats disagree. >> but spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations shouldn't be able to take advantage of loopholes and deductions that aren't available to most americans. >> trust me, there are plenty things within that tax code, these loopholes, where people can park their money on some island offshore
the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republicans say reform isn't about squeezing more money out of...
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Jan 19, 2013
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republicans are for tax breaks. we all know what the president's space was unprecedented, a set of republican leaders who said from the outset, our number one task is to make sure this president fails. no president had seen that. and understand, we were on the cusp of something almost like the great depression here and republicans stood fast and said our number one priority -- mitch mcconnell, to see the president fail. that's unprecedented. >> i agree that there is some lack of precedent on that. but there is also lack of precedent on the amount of big-ticket items that were passed with nothing but democrat loads. >> listen. >> and it has not helped. i think it's fermented a -- you know, an environment that's become increasingly uncivil. >> all right. we have exhausted this subject. i want to move on quickly and i don't have a lot of time. i want to talk about you said the president seemed antagonistic and other people say the president is more confident now and has really come into his own in the second term. she
republicans are for tax breaks. we all know what the president's space was unprecedented, a set of republican leaders who said from the outset, our number one task is to make sure this president fails. no president had seen that. and understand, we were on the cusp of something almost like the great depression here and republicans stood fast and said our number one priority -- mitch mcconnell, to see the president fail. that's unprecedented. >> i agree that there is some lack of precedent...
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Jan 20, 2013
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business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a room and get stuff done. that's what gingrich and clinton did. they both told me that. they learned the hard way when government came to a grinding halt. and that's when they got in a room together. i would like to see the speaker and the president get in a room. i think they've been equally to blame in many ways for this impasse between them in the last four years. i don't want to see them do it the official way. you have a democratic senate, a republican congress, i don't see how stuff gets done. >> the 1996 re-election of bill clinton basically settled
business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a...
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Jan 17, 2013
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obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that ad launched today. the white house called it repugnant and cow ardly. highlighting nra intransigence is part of the strategy. momentum for change may be starting to fade. 56% now favor an assault weapons ban compared to 62% immediately after newtown. 58% support a ban on extended magazines. last month, that was 62%. however, expanded background checks remains popular with 87% supporting checks on gun show purchases. we'll have more on the politics shortly. first, the personal two takes on what happened at the white house today. lexi holler, the uncle of noah posner joins us along with colin goddard, slot four times at virginia tech. >>> i was wondering what your reaction was to what you heard? >> well, based on what we heard before, the announcement when the families met with the president and the vice president and during the announcement itself, i was satisfied and pleased to see tha
obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that ad launched today. the white house called it repugnant and cow ardly. highlighting nra intransigence is part of the strategy. momentum for change may be starting to fade. 56% now favor an assault weapons ban compared to 62% immediately after newtown. 58% support a ban on extended...
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Jan 18, 2013
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ready to play ball, he was going to validate their years of investigation and their millions of federal tax dollars that were spent to build a case against him and he also wanted to be able to rebuild his public image. yet he did neither of those things, he challenged the heart of the anti-doping agency's report was that he actually led and facilitated the use on his cycling team. then the second part of that was even worse because he admitted to bullying, he seemed callous, he seemed rep tillian. it was the sort of thing where anybody who tuned in because they wanted to see contrition, remorse, i don't think people should have to do the contrition cabuki theater, but you don't call up oprah winfrey to do an interview unless you're going to do the oprah winfrey interview. >> does he stand a chance in your mind of ever rehabilitating himself, his image or his career in the sports world? >> let's take the competition piece, you saw it has a lifetime ban on him. the condition for that being removed is him testifying under oath to usada and being willing to name corrupt officials or corrupt cyc
ready to play ball, he was going to validate their years of investigation and their millions of federal tax dollars that were spent to build a case against him and he also wanted to be able to rebuild his public image. yet he did neither of those things, he challenged the heart of the anti-doping agency's report was that he actually led and facilitated the use on his cycling team. then the second part of that was even worse because he admitted to bullying, he seemed callous, he seemed rep...
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Jan 19, 2013
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indicted on 21 charges of federal corruption, including bribery, money laundering, fraud, filing false tax returns. nagin was mayor of new orleans during 2005's hurricane katrina and the aftermath and prosecutors say he used his office for personal gain and accepted payoffs, free trips, and thousands of dollars in bribes. >>> hey, the dow and the s&p 500 ended the week at their highest levels in five years. now, the finish closed out a trade week that saw strong quarterly earnings from reports from major banks. markets also seemed to react positively to signs that the debt ceiling debate could be pushed back a bit. trading resumes on tuesday after the martin luther king jr. holiday. >>> let's turn to the inauguration now. former president bush 41 and 43 were, of course, invited, but they won't be there this time. the elder bush is recovering from a month-long hospital stay after being treated for bronchitis. you remember that. a spokesperson for bush 43 says the former president and his wife, laura, wish the obamas, quote, all the best for a wonderful inaugural weekend. both former preside
indicted on 21 charges of federal corruption, including bribery, money laundering, fraud, filing false tax returns. nagin was mayor of new orleans during 2005's hurricane katrina and the aftermath and prosecutors say he used his office for personal gain and accepted payoffs, free trips, and thousands of dollars in bribes. >>> hey, the dow and the s&p 500 ended the week at their highest levels in five years. now, the finish closed out a trade week that saw strong quarterly earnings...
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Jan 15, 2013
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people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be a disaster. and what we're doing right now as the president correctly said today, is actua
people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's...
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higher taxes on households making above $450,000 and other tax increases will raise an additional $600 billion in revenue by 2022. but that's not enough. and as democrats and republicans gear up over the next few months to debate spending cuts, debt limits and the federal budget, there still is not a credible plan out there that puts a serious dent in the debt. but douglas durst still holds out hope that one day he'll be able to retire his dad's debt clock. >> i'm an optimist. we would have a very big party. >> reporter: alison kosik, cnn, new york. >>> speaking of money, if you're looking for that job that really pays, you probably want to get a college degree or pick up a second degree. that is right. ali velshi and christine romans take a look at the careers and the schools that can help you get ahead. >> thanks. okay. so when christine and i were in college, the idea was to study kind of whatever you -- those were in the days before cable -- study whatever you wanted and the world was your oyster if you got a university degree. if you had to go back and make a choice today about wh
higher taxes on households making above $450,000 and other tax increases will raise an additional $600 billion in revenue by 2022. but that's not enough. and as democrats and republicans gear up over the next few months to debate spending cuts, debt limits and the federal budget, there still is not a credible plan out there that puts a serious dent in the debt. but douglas durst still holds out hope that one day he'll be able to retire his dad's debt clock. >> i'm an optimist. we would...
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cuts. >> most of that was tax cuts. we sort of started it and then stopped. you can't call it stimulus. that will never sell in washington. >> kate, thank for joining us. principle at apple consultant. christine romans, host of "your bottom line." >>> remember this? what is that? morton gecko in "wall street" was ahead of thiz time with this clunky, heavy, brick phone. flash forward 25 years and it's been replaced by the smartphone. i'll tell you why apple may be losing its hold on the market. >> announcer: did you know there are secret black market websites around the world that sell stolen identities? >> 30-year-old american man, excellent credit rating. >> announcer: lifelock monitors thousands of these sites 24 hours a day. and if we discover any of our members' data for sale, lifelock is there with the most comprehensive identity theft protection available. [♪...] [squealing, crash] call 1-800-lifelock or go to lifelock.com today. a hybrid? most are just no fun to drive. now, here's one that will make you feel al
cuts. >> most of that was tax cuts. we sort of started it and then stopped. you can't call it stimulus. that will never sell in washington. >> kate, thank for joining us. principle at apple consultant. christine romans, host of "your bottom line." >>> remember this? what is that? morton gecko in "wall street" was ahead of thiz time with this clunky, heavy, brick phone. flash forward 25 years and it's been replaced by the smartphone. i'll tell you why...
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again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got a shortfall of $43 billion. they need to prioritize bills on that day. they can put off others. we're not entirely sure that prioritizing payments is legal but that's probably what they will have to do. the treasury could wait until it has enough revenue on hand to cover one full day's payments and means all the bills would be paid late and we know how that storts starts to look. johnny isakson is a member of the senate finance committee. senator, thank you for being with us. i wanted to talk with you for quite some time. you have an extensive, extensive business background. and you can agree that deciding to pay some bills but not others while you wait to scrape up enough cash to make payments isn't a sustainable way of doing business. would you agree with that? >> no question about it. that is all wrong. you're exactly right. >> what are the principles that you stand for and many in the republican party agree with and some in the democratic party, that we do have to deal w
again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got a shortfall of $43 billion. they need to prioritize bills on that day. they can put off others. we're not entirely sure that prioritizing payments is legal but that's probably what they will have to do. the treasury could wait until it has enough revenue on hand to cover one full day's payments and means all the bills would be paid late and we know how that storts starts to look. johnny isakson is a...
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Jan 13, 2013
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we're going to bring in $ 2.5 trillion in tax revenue. ten times what the servicing on the debt is there is some cash flow aspects of turning over some debt. but basically the only reason you have to increase the debt ceiling is because we continue to deficit spend. we're actually spending $1 trillion more than we're bringing in. >> we're not, when you say -- >> that's the reason you have to increase the debt ceiling. >> when you say we continue to deficit spend. we've deny sit spent under this entire administration, under the entire previous administration as well. this isn't new, we never don't deficit spend. why would you pick this moment to have that fight? >> when do you stop doing that. >> can you come up with a budget? paul ryan couldn't come up with one. >> well paul ryan did pass a budget in the house. where we have passed a budget is in the united states senate controlled by democrats for over three years. >> right. >> so what we need, what we need to use the debt ceiling moment as, is a moment to educate the american public abo
we're going to bring in $ 2.5 trillion in tax revenue. ten times what the servicing on the debt is there is some cash flow aspects of turning over some debt. but basically the only reason you have to increase the debt ceiling is because we continue to deficit spend. we're actually spending $1 trillion more than we're bringing in. >> we're not, when you say -- >> that's the reason you have to increase the debt ceiling. >> when you say we continue to deficit spend. we've deny...
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people feel they want to get value for their tax dollars and they are not getting it now, candy. >> might be a distinction without much difference though people saying i want him to fail and you are saying it is policies, i don't like his policies and if they go in place you certainly you don't want those poll cities to feel. >> this is a time of divided government. we have re-elected majority leadership in the house and we have a re-elected president but it's time to divide a government you can actually do big things for the country. >> so, what big things? what big thing is that -- >> specifically, have to deal with the debt, at $16 interest. you want to continue with the social safety negotiate the good, the bad and the ugly parts of that you have to have a vibrant economy. you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gu
people feel they want to get value for their tax dollars and they are not getting it now, candy. >> might be a distinction without much difference though people saying i want him to fail and you are saying it is policies, i don't like his policies and if they go in place you certainly you don't want those poll cities to feel. >> this is a time of divided government. we have re-elected majority leadership in the house and we have a re-elected president but it's time to divide a...
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sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have private security guards. we're not talking about the secret service. david gregory's kids go there, too. send their kids to schools where they have protection and then poo-poo the idea that the average american's children should have the same sort of protection. >> the white house press secretary jay carney, among other people, were very disappointed. they say, most americans agree that a president's children should not be used as pawns in a political fight but to go so far as to make the safety of the president's children the subject of an attacked a is pungent. >> they know the point. the elitist kids safety
obama demands the wealthy pay their fair share of taxes but he's an elitist hip prypocr. protection for their kids and gun-free zones for ours. >> that's the ad. it's getting a lot of mileage out there on social media but a lot of people -- why bring the daughters, sasha and malia into this? >> it's not them specifically. >> you mention them specifically. >> we don't mention them specifically. we mention his kids and other kids. they are attending schools that have...
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tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite because progressive is important to me. i don't want people to pay taxes if they have $20,000 a year worth of income, but at $30,000, i'd like people to pay 1 dollar, just $1.00 so they have a legitimate claim for saying i'm part of the society and i don't pay a lot but i pay something. everybody participates. there's no game playing. it's a very efficient way to pay taxes. right now it costs over $31 million a year to administer it. the tax gap that we theoretically owe is $41 billion a year. we can do better than that. we can think better than that. and the presi
tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite...
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he died from cyanide poisoning after picking up his lotto winnings at nearly half a million after taxes. >> and the cdc says 48 states now reporting widespread flu cases. more elderly now hospitalized. 29 children have died in the outbreak. >> then there's this, lady gaga about to lose her title as the most popular celebrity in twitter. justin bieber expected to pass her and have the most twitter followers. they each have over 33 million with just 46,000 separating them right now. first the mayan calendar, now this. hard to believe. >> passing of the torch. tonight, the bizarre story of manti te'o's fake girlfriend is only getting stranger. we have more details. the notre dame linebacker isn't talking. others are reportedly pointing fingers at this guy. we'll tell you who he is and what allegations he's facing just ahead. investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobil
he died from cyanide poisoning after picking up his lotto winnings at nearly half a million after taxes. >> and the cdc says 48 states now reporting widespread flu cases. more elderly now hospitalized. 29 children have died in the outbreak. >> then there's this, lady gaga about to lose her title as the most popular celebrity in twitter. justin bieber expected to pass her and have the most twitter followers. they each have over 33 million with just 46,000 separating them right now....
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jobs, tax reform, unstable middle east, just to name a few. tonight at 8:00 pm eastern time, fareed zakaria will get solutions from top political experts in memo to the president. inaugurations have come in every shape and size from roosevelt to bush. another roosevelt to another bush. we'll look back at all the top moments. >>> but first a question for all the political junkies, tuned in and watching this morning. what month has had the most presidential inaugurations? no cheating. don't go to google. if you do know the answer tweet me at randi kaye at cnn. oh! progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. i got this snapshot thing from progressive, plugged it into my car, and got a discount just for being the good driver i've always been. i'm just out here
jobs, tax reform, unstable middle east, just to name a few. tonight at 8:00 pm eastern time, fareed zakaria will get solutions from top political experts in memo to the president. inaugurations have come in every shape and size from roosevelt to bush. another roosevelt to another bush. we'll look back at all the top moments. >>> but first a question for all the political junkies, tuned in and watching this morning. what month has had the most presidential inaugurations? no cheating....
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we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is going. fema needs reform. we should be reformed it the last two years, a decade ago, after katrina problems and hopefully we can make progress when we do that. >> thank you very much. we appreciate your time. >>> still to come, france has sent more troops in to mali to fight the war there and the united states promises to help. what is help going to mean for american troops? >>> plus an "outfront" investigation, birth tourism. paying women big money to come to the united states and give birth to new american citizens. >>> and president obama goes it alone on gun control. one senator compares the p
we have a whole tax code that helps states like new york that have higher taxes because they can take it off of their federal income taxes. that has to be part of that, as well. i think we need to help those in need is something we should be doing but if you are not going to spend 80% of the dollars for two years what's the rush? why hurry? get to the direct needs now and that's what i think is important and that's why i offered a transparency amendment that says let's see where the money is...
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country focuses on. he doesn't necessarily get to choose the results. he gets to choose what the country focuses on so we'll see. this is a big test for him to pick his priorities. >> that's why tomorrow becomes crucial. we'll learn a lot tomorrow. >> coming up, a rare look at a room inside the nation's capitol, a room that only a few people have ever seen. wow. would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutr
republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country...
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we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that said let's go see where this money is going. that went on there. i think that's important. fema needs reform. we should have reformed it the last two years. they should have reformed it a decade ago, after the katrina problems. hopefully we can make some progress when we do that. >> thank you very much. we appreciate your time tonight. >>> still to come, france has sent more troops into mali to fight the war there and the united states promises to help. but what is help really going the mean for american troops? >>> plus, an "outfront" investigation. birth tourism. paying women big money to come t
we got a whole tax code that actually helps states like new york that have higher taxes because they can take that off their federal income taxes. that has to be part of that as well. but i think we need to do -- certainly helping those in need is probably something we should be doing but if you're not going to spend 80% of the dollars for two years, what's the rush? let's get to the direct needs right now and that's what i think's important. that's why i offered transparency amendment that...
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. >>> the gun control debate who will be our next secretary of defense and whether your taxes are going to go up. in case you missed them, they were some of the topics on the sunday political talk shows. to save you some time, we brought together the bright points. take a look. >> do you think you have enough support on alcohol kohl keep an assault weapons ban from passing? >> if he is willing to expend the political capital, you don't want to make predictions, and yo you don't want to bet your house on the outcome, but i would say that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> this is not your father's nra, but it represents gun manufacturers and less than half of the funding comes from their member, and they make tens of millions of dollars off of the purchases of guns. >> just his overall temperament and is he suited to run a department or big agency or big entity like the pentagon? >> you have questions about his temperament? >> i think -- i think -- i think there are numbers of staffers who are coming forth now just
. >>> the gun control debate who will be our next secretary of defense and whether your taxes are going to go up. in case you missed them, they were some of the topics on the sunday political talk shows. to save you some time, we brought together the bright points. take a look. >> do you think you have enough support on alcohol kohl keep an assault weapons ban from passing? >> if he is willing to expend the political capital, you don't want to make predictions, and yo you...
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fathered a child with his math teacher when he was 14 and after abandoning the kid comes back to pay taxes. it is very foul-mouthed and the basic concept isn't particularly humorous, i don't think. and it, surprisingly to me, i thought adam sandler had written it. it is on the level with most of his movies, he didn't. that's one nomination he didn't get, worst screenplay. >> one you think is the worst of the whole year? >> it would be that one of the five we nominated. i found it the most offensive and most indefensible. "twilight" i find very entertaining, but as a comedy. and i know the fans of that franchise take it very seriously, but i personally do not know anyone who had to choose between a werewolf and a vampire to choose for a prom date. >> winners for the 33rd annual razzies will be announced january 23rd, the night
fathered a child with his math teacher when he was 14 and after abandoning the kid comes back to pay taxes. it is very foul-mouthed and the basic concept isn't particularly humorous, i don't think. and it, surprisingly to me, i thought adam sandler had written it. it is on the level with most of his movies, he didn't. that's one nomination he didn't get, worst screenplay. >> one you think is the worst of the whole year? >> it would be that one of the five we nominated. i found it...
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cuts, the tax -- bush tax cuts and they would have a plan to negotiate tax reform this year and we'd be well into deficit deal and tax reform right now and then he could move on to the next agenda item. well, it didn't quite work out that way. now they have to figure out what is the first agenda item? is it immigration? is it going to be guns? so we have to figure out what are they going to move on right away? >> wait one second because we're at an important juncture. i want to go back to wolf for a second. i believe we're nearing the end of our inaugural parade. >> this is the last band. this is the second to the last band. go ahead. >> these are the firefighters of idaho performing together for the first time for the inaugural parade from idaho, as i mentioned, comprised of fire departments across the state. 20 bagpipers, seven drummers and the bagpipers are dressed in kilts, as you can see, while the other marchers are wearing color guard attire. the firefighters of idaho, we're excited for the opportunity as everyone is to come and perform and represent their state in this 57th i
cuts, the tax -- bush tax cuts and they would have a plan to negotiate tax reform this year and we'd be well into deficit deal and tax reform right now and then he could move on to the next agenda item. well, it didn't quite work out that way. now they have to figure out what is the first agenda item? is it immigration? is it going to be guns? so we have to figure out what are they going to move on right away? >> wait one second because we're at an important juncture. i want to go back to...
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first of all, it draws more attention in russia to putin's 13% flat tax. i mean, that is a very low tax in a country where inequality of income is just gigantic. right up there with america's inequality of income. there is a lot of resentment among ordinary russians are people who are making millions and millions of dollars a year in russia are paying only 13%. there's another side potential consequence. putin, russia is turning east. it's turning away from europe and that's the subject of a much longer discussion. but, putin, russia's two main allies in europe have been germany and france. the german relationship has soured. the french relationship has not soured. but if this goes down, this act or stunt of taking russia, by the way, he's not going to live in russia. he just took the passport. but if this goes down badly in france, for any reason, it will further fray russia's ties with the west and russia's turn to the east. that's not good for any of us, i think. >> stephen cohen william browder, thank you for joining us. fascinating conversation. up ne
first of all, it draws more attention in russia to putin's 13% flat tax. i mean, that is a very low tax in a country where inequality of income is just gigantic. right up there with america's inequality of income. there is a lot of resentment among ordinary russians are people who are making millions and millions of dollars a year in russia are paying only 13%. there's another side potential consequence. putin, russia is turning east. it's turning away from europe and that's the subject of a...
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listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-american woman of the year, there you go. >> and i accepted. nice to have you congressman, appreciate it. >>> other stories making news john has that for us. >> lots of questions about the story involving notre dame's manti te'o and his girlfriend who was supposed to have died but it turns out she never existed at all. so was te'o the victim of an elaborate hoax or somehow involved in a hoax. one thing is crystal clear right now, the university of notre dame is standing by its star player. cnn's ted rowlands in live in south bend
listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we...
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. >>> the parade has begun. it is moving down pennsylvania avenue. there are marching bands. there are a lot of floats. there's a lot of people who are celebrating this day. an important day in american history. the inauguration of president obama for the second time. kate bolduan is watching what's going on, jeffrey toobin with me as well. once they get to the reviewing stand, they will be saluting all of these participants, and there are a lot of them, who have come to washington from all over the country. >>cy actually read there were twice as m
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of...
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. >>> a northern california man facing a $14,000 property tax bill, paid his tab in rolls of coin. stacks of dollar bills. larry casper said he tried to pay half his bill weeks ago but the county would only accept payment in full. so he asked family to empty out their piggie banks. every year at this time, this becomes the park city, utah sundance film festival. sundance traditionally a mecca for independent films. some 50,000 people expected to descend on the town over the next ten days. next week you guys are traveling to sundance, right? >> i'm heading to sundance. i'll be part of those 50,000 people. it's my first time at sundance. >> you are so fabulous, aren't you? >> yes, yes, i'm trying to figure out what to wear. if you have advice, let me know. >> you'll look glamorous, no doubt. >> gloves and boots. >> i'm hearing it's rather cold. >>> it is now 18 minutes after the hour, time to get an early read on your news making national headlines this from the new york daily news as it revisits the story of katie beers. 20 years as a girl she was kidnapped and held for two weeks in
. >>> a northern california man facing a $14,000 property tax bill, paid his tab in rolls of coin. stacks of dollar bills. larry casper said he tried to pay half his bill weeks ago but the county would only accept payment in full. so he asked family to empty out their piggie banks. every year at this time, this becomes the park city, utah sundance film festival. sundance traditionally a mecca for independent films. some 50,000 people expected to descend on the town over the next ten...
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immigration reform, tax reform. whatever you hear about the second term curse be skeptical. >> is there an annual gis time in history to where president obama is now, some place we're told that lots of time the speech writers and presidents look at past inaugural addresses for inspiration? where in history can this president find that inspiration? >> you know, it's tough to find a time when we've been so polarized. thomas jefferson, people forget under adams and washington, the country was actually much more divided than you would think if you looked at that monument just down the road, jefferson comes into power, a very polarizing figure and in his inaugural address says we are all republicans, we are all federalists. didn't necessarily govern that way but he had the tone right. i think that's what inaugural addresses a week later, very few, you can count on one hand, but second inaugural addresses that people remember. it's the tone as much as anything else and clearly to try to recapture -- you can't capture ligh
immigration reform, tax reform. whatever you hear about the second term curse be skeptical. >> is there an annual gis time in history to where president obama is now, some place we're told that lots of time the speech writers and presidents look at past inaugural addresses for inspiration? where in history can this president find that inspiration? >> you know, it's tough to find a time when we've been so polarized. thomas jefferson, people forget under adams and washington, the...
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regardless of whether it's guns or whether tax reform or immigration or energy policy, it's all the same. >> right. >> they're going to have to come to the table with a comprehensive package. in the case of guns you know the throw or four components that haven to included in the end. it's kind of a no-brainer for most but we have a hard time getting there. that's why bringing together these -- this coalition of problem solvers in congress that no labels has been able to, it's a start. by the end of the year if we get 75 to 80 such people, imagine the progress on all these important issues we'll be able to make. >> i'm going to give you the last word here. you are in a position, you do vote in the senate, and your words post newtown were taken originally as, oh, senator manchin is now for a ban on assault weapons. probably what you were talking about. >> guilt by conversation. >> so the question here is, am i correct in interpreting what you're saying, sure you would talk about an assault weapons ban, but it has to be in a more wholistic package than just here's an assault weapons ban, th
regardless of whether it's guns or whether tax reform or immigration or energy policy, it's all the same. >> right. >> they're going to have to come to the table with a comprehensive package. in the case of guns you know the throw or four components that haven to included in the end. it's kind of a no-brainer for most but we have a hard time getting there. that's why bringing together these -- this coalition of problem solvers in congress that no labels has been able to, it's a...
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he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the calculation, you know what, the public is going to be on our side, because we have to get on a path of fiscal sustainability over the long term so they're going to be with us, they're going to want spending cuts. >> we've been measuring the political pressure on the speaker as it builds, it seems, to a big climax here. how much pressure is he in right now? >> huge amount of pressure. don't forget, he didn't have a great time in the fiscal cliff fight. he couldn't bring a majority of his own caucus to vote for that final proposal. this time, his own caucus has put him on notice. a, don'
he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the...
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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but there's a road to citizenship that you are able to go on if you pay your back taxes, if you have a criminal investigation, you find out there's no crimes, no serious crimes. and you get at the end of the line. but there has to be a path. three, we've got to have family unity as a central core of any policy. you can't deport the parents and leave their 5 million kids here. there are 2 million dreamers. so those are some of the elements of wa we talked about, and i know that the president supports those core elements. we expect there will be bipartisan support for that, as well. >> can you give us a sense of the timing on this? when will we see these plans. >> it's going to depend on the congress, as well. i expect in the next month you'll see these proposals, certainly already, senator mccain and graham and in len dez and others are working together to come up with a comprehensive package. remember, there's been some movement from the republicans as a result of the election. i think they're going to want do it on a bipartisan basis. >> go back to guns for a minute. you listed thin
but there's a road to citizenship that you are able to go on if you pay your back taxes, if you have a criminal investigation, you find out there's no crimes, no serious crimes. and you get at the end of the line. but there has to be a path. three, we've got to have family unity as a central core of any policy. you can't deport the parents and leave their 5 million kids here. there are 2 million dreamers. so those are some of the elements of wa we talked about, and i know that the president...
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what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying, he's not going to repeat two years ago. he did get involved in detailed negotiations and the president, in that same news conference, said if the republicans feel they have to have some package of spending cuts to go with raising the debt ceiling, then let them put their own plan together and see if they can get the votes in congress. he's not going to help them. he said he was not going to let the republicans put a gun to the head of the american people, or he was not going to let them attach a ransom. the president used tough language today and part of what he was saying is i wo
what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying,...
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state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it will be $50 billion this year. do you think they're under the attack. they seem to be doing pretty well. >> well, they may be doing pretty well, but they're doing much better overseas than they are in the united states. and -- but they see a decaying business. all the criticism is repositioning soft drinks from fun and happiness to disease and death. that's not a good place for industry to be. >> so what do you want from coke? because obviously they want to make money. they sell all kinds of things. short of stopping selling these sugary drinks, is there an
state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it...
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they pay taxes but don't have a vote in congress. the white house says after living in washington for four year, the president recognizes the unfair answer that d.c. residents face every day. they will be on the vehicles for the duration of the second term. >> george w. bush took it off the car after president clinton used it. but obama didn't put it back, and there was a lot of criticism. so this is throwing those people a bone. >> follow us on facebook and twitter, search for early start cnn. >>> a black eye for boeing. dreamliner jumbo jets grounded by two airlines after another serious incident. another one. we'll have a live report, coming up. so...how'd it go? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. your financial advisor should focus on your l
they pay taxes but don't have a vote in congress. the white house says after living in washington for four year, the president recognizes the unfair answer that d.c. residents face every day. they will be on the vehicles for the duration of the second term. >> george w. bush took it off the car after president clinton used it. but obama didn't put it back, and there was a lot of criticism. so this is throwing those people a bone. >> follow us on facebook and twitter, search for...
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couldn't take anything for granted. >> reporter: their lobbying effort paid off, there is no federal tax on sugary drinks. fast forward to today, the centers for disease control says more and more americans are drinking the stuff. the center for science and the public interest, a non-profit consumer advocacy group says sugary drinks are the number one source of calories in the american diet. they put out their famous version of the coca-cola bear called the real bear. ♪ sugar, sugar, so good, so good, sugar ♪ >> coca-cola said "obesity is complex and requires partnership and collaboration to help solve it. we have an important role to play in the effort to find solutions that work for everybody." let's bring in our chief medical correspondent dr. sanjay gupta. so i know it's a tough topic. coke says it can play an important role in america's fight against obesity, it says it's decreased the calories in its products. in middle schools it sells juices instead of cans of coke. it says it's doing its part. what's the big deal? leave us alone? >> i think that's part of it. there's a fear
couldn't take anything for granted. >> reporter: their lobbying effort paid off, there is no federal tax on sugary drinks. fast forward to today, the centers for disease control says more and more americans are drinking the stuff. the center for science and the public interest, a non-profit consumer advocacy group says sugary drinks are the number one source of calories in the american diet. they put out their famous version of the coca-cola bear called the real bear. ♪ sugar, sugar, so...